AUS
NZ
UK
CA
USA
IND
Highlights
- In 1HFY24, NPAT reached AUD 3.35 million, compared to a loss of AUD 3.30 million in the prior period.
- Acquisition of four services will not impact CY24 but will contribute to CY25 EBIT.
- In FY24, centre revenue is expected to reach AUD 160.9 million and NPAT is forecasted to touch AUD 20.2 million
Australia-based Nido Education Limited (ASX:NDO) owns, operates and manages long-term early childhood education and care services. The company offers secure, nurturing and serene environment for children in the age group of six weeks old to school age.
The six months ended 30 June 2024 (1HFY24) was a turnaround period for the company as its bottom-line turned positive with a net profit after tax of AUD 3.35 million, compared to a loss of AUD 3.30 million in the previous corresponding period. During the reported period, revenue more than doubled to AUD 75.49 million, driven by higher centre revenue in 1HFY24. Meanwhile, EBITDA jumped by approximately 414% YoY to AUD 17.49 million.
Recent acquisition
Through an ASX update dated 30 September 2024, the company informed that it has completed the acquisition of four services from its incubation pipeline for consideration of AUD 11.85 million. This transaction will not impact CY24 after taking into consideration the acquisition costs. In CY25, the services are expected to contribute AUD 2.6 million in EBIT.
Outlook
In FY24, centre revenue is anticipated to touch AUD 160.9 million and centre EBITDA is forecasted to reach AUD 33.1 million, aligning with the prospectus (PDS) projections. In FY24, NPAT of AUD 20.2 million is expected.
Share Performance of NDO
NDO shares closed 6.21% higher at AUD 0.77 apiece on 25 November 2024. Over the past one year, NDO’s share price has dropped by almost 21.76%, while in the past three months, it has declined by nearly 14.20%.
52-week high of NDO is AUD 1.00 apiece recorded on 22 January 2024 and 52-week low is AUD 0.725, recorded on 22 November 2024.
Note 1: Past performance is neither an Indicator nor a guarantee of future performance.
Note 2: The reference date for all price data, and currency, is 25 November 2024. The reference data in this report has been partly sourced from EODHD/Others.
Disclaimer
This article has been prepared by Kalkine Media, echoed on the website kalkinemedia.com/au and associated pages, based on the information obtained and collated from the subscription reports prepared by Kalkine Pty. Ltd. [ABN 34 154 808 312; AFSL no. 425376] on Kalkine.com.au (and associated pages). The principal purpose of the content is to provide factual information only for educational purposes. None of the content in this article, including any news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations, and video is or is intended to be, advisory in nature. The content does not contain or imply any recommendation or opinion intended to influence your financial decisions, including but not limited to, in respect of any particular security, transaction, or investment strategy, and must not be relied upon by you as such. The content is provided without any express or implied warranties of any kind. Kalkine Media, and its related bodies corporate, agents, and employees (Kalkine Group) cannot and do not warrant the accuracy, completeness, timeliness, merchantability, or fitness for a particular purpose of the content or the website, and to the extent permitted by law, Kalkine Group hereby disclaims any and all such express or implied warranties. Kalkine Group shall NOT be held liable for any investment or trading losses you may incur by using the information shared on our website.
